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U.S. Assisted Living Facility Market

U.S. Assisted Living Facility Market Size, Share & Trends Analysis Distribution by Age (More than 85, 75-84, 65-74, Less than 65) and Segment Forecasts, 2024-2031

Report ID : 2616 | Published : 2024-08-01 | Pages: 175 | Format: PDF/EXCEL/Power BI Dashbord

The U.S. Assisted Living Facility Market Size is valued at USD 98.6 Bn in 2023 and is predicted to reach USD 151.4 Bn by the year 2031 at a 5.7% CAGR during the forecast period for 2024-2031.

US assisted

Assisted Living Facilities (ALFs) in the United States provide housing, personalized support services, and healthcare to older adults who require assistance with daily activities but do not need the level of care provided in nursing homes. These facilities offer a range of services, including meals, housekeeping, transportation, and help with personal care tasks such as bathing, dressing, and medication management.

The U.S. assisted living facility market has been growing steadily in recent years, driven by the increasing geriatric population and the rising demand for senior care services. According to the U.S. Census Bureau’s 2021 County Business Patterns Survey, states with the most assisted living communities include California (4,100), Washington (1,902), Florida (1,804), Texas (1,295), Wisconsin (1,272), and Oregon (1,208). One key factor behind this growth is the increasing awareness and desire of consumers to age in home-based services. Many older adults prefer to live in a comfortable, home-like environment that offers support and assistance with daily activities, while still maintaining a certain level of independence. Assisted living facilities provide a viable alternative to nursing homes, offering a more affordable and less restrictive option for seniors who require some level of care.

Most assisted living facilities include 24-hour monitoring and support, wellness programs, housekeeping, nourishment, medication management, transportation, and personal care.  According to the National Center for Assisted Living, 80% of residents in assisted living facilities are pleased with their living arrangements. According to forecasts based on statistics from the United States Census Bureau, the senior population will grow significantly, requiring a major increase in the capacity of assisted living networks. 

Competitive Landscape

Some of the Key Players in U.S. Assisted Living Facility Market:

  • Abri Health Care
  • Aegis Living Shadowridge
  • Allegro
  • Artis Senior Living
  • Atria Senior Living, Inc.
  • Avalon Health Care Group
  • Belmont Village, L.P.
  • Benchmark Senior Living
  • Bonaventure Senior Living
  • Brandywine Senior Living
  • Brightview Senior Living
  • Brookdale Senior Living Inc.
  • Capital Senior Living
  • CareOne LLC
  • Carillon Assisted Living
  • Extendicare
  • Felicita Vida
  • Five Star Senior Living
  • Frontier Senior Living
  • Gardant Management Solutions
  • genesis healthcare
  • Integral Senior Living (ISL)
  • Kindred Healthcare, LLC
  • Kisco Senior Living
  • La Marea Senior Living
  • Leisure Care, LLC
  • Life Care Centers of America Inc.
  • Merrill Gardens
  • Morningstar Senior Living
  • National HealthCare Corporation
  • New Perspective Senior Living
  • Pacifica Senior Living
  • Pegasus Senior Living
  • ProMedica Senior Living
  • Sagora Senior Living
  • Senior Lifestyle
  • Silverado Senior Living
  • Sonida Senior Living
  • StoryPoint Group
  • Sunrise Senior Living, LLC
  • The Ensign Group, Inc.
  • The Evangelical Lutheran Good Samaritan Society
  • The Holiday Retirement
  • The Montera
  • White Sands La Jolla
  • Others

Market Segmentation:

The U.S. Assisted Living Facility market is segmented by age. By age the market is segmented into More than 85, 75-84, 65-74, Less than 65.

More than 85 is Expected to Drive the U.S. Assisted Living Facility Market

The population aged 85 and older is one of the fastest-growing demographics in the U.S., with projections from the U.S. Census Bureau indicating it will more than double from 6.7 million in 2020 to 14.4 million by 2040. This segment's rapid growth is significantly impacting the U.S. Assisted Living Facility market. As life expectancy rises, a larger proportion of the elderly population is entering this age bracket, leading to increased demand for assisted living services. Individuals over 85 often face complex healthcare needs, including chronic illnesses and mobility challenges, which assisted living facilities address through medication management, personal care, and specialized healthcare services, including care for conditions like dementia and other age-related ailments.  

U.S. Assisted Living Facility Market Report Scope

Report Attribute

Specifications

Market Size Value In 2022

USD 98.6 Bn

Revenue Forecast In 2031

USD 151.4 Bn

Growth Rate CAGR

CAGR of 5.7% from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Bn and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Age

Competitive Landscape

Kindred Healthcare, LLC, Brookdale Senior Living Inc., Sunrise Senior Living, LLC, Atria Senior Living, Inc., Five Star Senior Living, Capital Senior Living, Merrill Gardens, Integral Senior Living (ISL), Belmont Village, L.P., Gardant Management Solutions

Customization Scope

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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. The U.S. Assisted Living Facility Market Snapshot

Chapter 4. The U.S. Assisted Living Facility Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Age Estimates & Trend Analysis
5.1. by Age & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Age:
5.2.1. More than 85
5.2.2. 75-84
5.2.3. 65-74
5.2.4. Less than 65

Chapter 6. Competitive Landscape
6.1. Major Mergers and Acquisitions/Strategic Alliances
6.2. Company Profiles

6.2.1. Abri Health Care
6.2.2. Aegis Living Shadowridge
6.2.3. Allegro
6.2.4. Artis Senior Living
6.2.5. Atria Senior Living, Inc.
6.2.6. Avalon Health Care Group
6.2.7. Belmont Village, L.P.
6.2.8. Benchmark Senior Living
6.2.9. Bonaventure Senior Living
6.2.10. Brandywine Senior Living
6.2.11. Brightview Senior Living
6.2.12. Brookdale Senior Living Inc.
6.2.13. Capital Senior Living
6.2.14. CareOne LLC
6.2.15. Carillon Assisted Living
6.2.16. Extendicare
6.2.17. Felicita Vida
6.2.18. Five Star Senior Living
6.2.19. Frontier Senior Living
6.2.20. Gardant Management Solutions
6.2.21. genesis healthcare
6.2.22. Integral Senior Living (ISL)
6.2.23. Kindred Healthcare, LLC
6.2.24. Kisco Senior Living
6.2.25. La Marea Senior Living
6.2.26. Leisure Care, LLC
6.2.27. Life Care Centers of America Inc.
6.2.28. Merrill Gardens
6.2.29. Morningstar Senior Living
6.2.30. National HealthCare Corporation
6.2.31. New Perspective Senior Living
6.2.32. Pacifica Senior Living
6.2.33. Pegasus Senior Living
6.2.34. ProMedica Senior Living
6.2.35. Sagora Senior Living
6.2.36. Senior Lifestyle
6.2.37. Silverado Senior Living
6.2.38. Sonida Senior Living
6.2.39. StoryPoint Group
6.2.40. Sunrise Senior Living, LLC
6.2.41. The Ensign Group, Inc.
6.2.42. The Evangelical Lutheran Good Samaritan Society
6.2.43. The Holiday Retirement
6.2.44. The Montera
6.2.45. White Sands La Jolla
6.2.46. Other Prominent Players

 

Segmentation of U.S. Assisted Living Facility Market -

U.S. Assisted Living Facility Market by Age –

  • More than 85
  • 75-84
  • 65-74
  • Less than 65

us assisted

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

 

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Frequently Asked Questions

How big is the U.S. Assisted Living Facility Market Size?

The U.S. Assisted Living Facility Market is predicted to grow at a 5.7% CAGR during the forecast period for 2024-2031.

Kindred Healthcare, LLC, Brookdale Senior Living Inc., Sunrise Senior Living, LLC, Atria Senior Living, Inc., Five Star Senior Living, Capital Senior

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